Howrey Trustee Cuts $4.2 Million Deal With Ex-Partners

A group of former Howrey LLP partners have agreed to pay more than $4.2 million to the defunct law firm's bankruptcy estate through a settlement that Howrey's trustee calls a crucial step toward constructing a plan to pay back creditors.

The proposed settlement, filed Monday night in U.S. Bankruptcy Court in San Francisco, includes contributions of between $21,000 and $192,000 each from 60 of the firm's former equity partners. Howrey trustee Allan Diamond sought to claw back money that the partners were paid when the firm was allegedly insolvent.

Source: http://blogs.wsj.com/law/2014/05/06/howrey-trustee-cuts-4-2-million-deal-with-ex-partners/?mod=WSJBlog

conservator copyright lawyer corporate law corporate lawyer criminal attorney